RIMS-CRMP EXAM PRACTICE QUESTIONS
WITH CORRECT DETAILED ANSWERS
LATEST UPDATE EXAM
When analyzing an organization's value chain, which of the following
would be considered a primary activity?
A. technological development
B. human resources management
C. infrastructure management
D. outbound logistics --CORRECT ANSWER--D. outbound logistics
The organization's resources and internal support are ________ the
risk management strategy.
A. adjustable to match
B. inputs in the development of
C. metrics used to measure the value of
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,D. outcomes of the development of --CORRECT ANSWER--B.
inputs in the development of
When defining the success measures for the organization's risk
strategy, the risk management professional will include which of the
following steps?
A. a review of the goals and objectives of the risk strategy
B. a selection of appropriate media for communicating the risk
strategy
C. an analysis of the organization's total cost of insurable risk
D. the development of timelines for implementing the risk strategy --
CORRECT ANSWER--A. a review of the goals and objectives of the
risk strategy
Which of the following BEST guides an organization's risk
management decision-making process?
A. risk financing opportunities
B. risk retention levels
C. risk strategy approach
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, D. risk treatment options --CORRECT ANSWER--C. risk strategy
approach
An effective risk communication strategy requires the selection of
appropriate _______________ .
A. coaches
B. data points
C. media channels
D. metrics --CORRECT ANSWER--C. media channels
Which of the following is considered a risk analysis technique?
A. budget allocation
B. consensus building
C. insurance placement
D. Monte Carlo simulation --CORRECT ANSWER--D. Monte Carlo
simulation
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WITH CORRECT DETAILED ANSWERS
LATEST UPDATE EXAM
When analyzing an organization's value chain, which of the following
would be considered a primary activity?
A. technological development
B. human resources management
C. infrastructure management
D. outbound logistics --CORRECT ANSWER--D. outbound logistics
The organization's resources and internal support are ________ the
risk management strategy.
A. adjustable to match
B. inputs in the development of
C. metrics used to measure the value of
Page 1 of 27
,D. outcomes of the development of --CORRECT ANSWER--B.
inputs in the development of
When defining the success measures for the organization's risk
strategy, the risk management professional will include which of the
following steps?
A. a review of the goals and objectives of the risk strategy
B. a selection of appropriate media for communicating the risk
strategy
C. an analysis of the organization's total cost of insurable risk
D. the development of timelines for implementing the risk strategy --
CORRECT ANSWER--A. a review of the goals and objectives of the
risk strategy
Which of the following BEST guides an organization's risk
management decision-making process?
A. risk financing opportunities
B. risk retention levels
C. risk strategy approach
Page 2 of 27
, D. risk treatment options --CORRECT ANSWER--C. risk strategy
approach
An effective risk communication strategy requires the selection of
appropriate _______________ .
A. coaches
B. data points
C. media channels
D. metrics --CORRECT ANSWER--C. media channels
Which of the following is considered a risk analysis technique?
A. budget allocation
B. consensus building
C. insurance placement
D. Monte Carlo simulation --CORRECT ANSWER--D. Monte Carlo
simulation
Page 3 of 27
